MY EIGHTH STEP TO PROSPERITY.
Aussie $ 100 Note
With the purchase of the house at Broken Hill, I’d run into a common stumbling block faced by many real estate investors for decades – no more loans at my income level.This was in spite of all four places being cash-flow positive and totally self supporting. B#%%$&@**&* ……banks ! No sense of adventure I say.
NEW MENTORING GURU APPEARS
The mentor gentleman I’d worked with had decided to retire from his role of advisor and enjoy his 53 houses and whatever he had. It was time to chase up another real estate mentoring GURU, so with lots of internet time researching, and lots of phone calls seeking personal recommendations I found, and decided to join 21st Century Academy, an education company owned by multi millionaire property GURU Jamie McIntyre. His story
is of being $150 000 in debt at 22 and becoming a millionaire, mainly through real estate by the age of 29.
I bought the 21st Century Academy homestudy kit via a Western Australian company, Universal Wealth Creation P/L, http://tinyurl.com/2bym7vm , who were their distribution and sales organisation, and where one of their staff, Simon, was extremely helpful. As it happened, I was to have a huge amount of business to do with him a year or so later.
THE HOMESTUDY KIT.
Talk about millionaire generating information ! The kit comprised 80 hours of DVD s which were mainly filmed live at 21CA seminars, plus a variety of books authored by Jamie, including such titles as:-
What I Didn’t Learn At School But Wish I Had, Buy Here http://tinyurl.com/34r8ug8
What I Didn’t Learn From My Real Estate Agent But Wish I Had. Buy Here http://tinyurl.com/2wgfxt2
What I Didn’t Learn From My Financial Planner But Wish I Had Buy Here http://tinyurl.com/32ylb2o
The financial commitment to buy the complete Homestudy package is a fairly serious amount of money, but by using only 2 of the stategies suggested, I paid for the package in a matter of months. I’d suggest you purchase one of the books mentioned above to give yourself a preview of the quality of 21 CA’s products. They are also available here http://tinyurl.com/yf3pt2t where there is some great extra information
THE 2 TO 4 DAY SEMINARS
Very hard hitting information. 21 CA offered a 5 year membership with mentoring and free access to their 2 to 4 day seminars included. These seminars are attended by up to 400 eager to learn members of the public whose major interest is to learn the skills needed for creating wealth. They are not disappointed because there are many different speakers over the 4 day seminar, each with a different slant or passion on helping to make the attendees richer. The positive vibe OR buzz in the auditorium is so powerful and really gets one’s enthusiasm going.
BACK TO SEE DAVID THE BROKER
My first IMPORTANT piece of learning from 21 CA was to spend lots of time checking out my loan documents and seeing if I could improve the structure of the loans. Of course it was a case of contacting David the broker , with whom I’d developed great rapport over the years, and by using the 21 CA info and his skills, we set off after a good deal. The bank which had both Mt Isa and Geraldton on the one loan was WAY above all the Big Four Aussie banks at 10.8 %,and thanks to 21 CA and David we got them transferred to ????? Bank at 9.4 % which saved about $ 900 per month !!!!!!!! That was a huge relief and made life a lot easier.
WHAT IS SHARE RENTING ?
Sounds a bit strange, doesn’t it ? It’s Jamie’s pet name for selling covered calls in the share market, and is a great way to generate regular cashflow. The BIG question is how to fund such a venture ? What we did was to establish a Line of Credit when the loan restructuring was done and to use some those funds to purchase shares and then generate income by selling the calls on them. As a rule of thumb, the return is usually between 2 and 3 % PER MONTH or 24 to 30 % per annum. Almost beats your savings account interest rate, doesn’t it ?
Applying that to the real world, lets say you purchased 1000 shares in the XYZ company for $ 30 000, and sold the calls / rented the shares for 2.5 % per month [ this will vary up or down on a monthly basis ] giving you an average income of $ 750 per month, or $ 9000 ANUALLY ! That would certainly help with the mortgage, wouldn’t it ? Learn more from one of Jamie’s books.
MORE ABOUT SIMON MENTIONED ABOVE.
Click Sean's Face
Simon, the Universal Wealth Creation guru had advised me very well about the home study kit, so when he suggested I look into becoming a part of their organisation, I was predisposed to do so owing to his excellent advice and wonderful followup service. UWC’s CEO is Sean Rasmussen who uses the “Job Description ” of ” Aussie Internet Marketer and Life Conessuier.” I decided to join in with the fun and learn about Internet Affiliate Marketing by initially purchasing Sean’s book, ” The Year Of The Affiliate 2008 “ which in 175 pages, gave huge amounts of information enabling me to enter the fantastic world of Internet Marketing. More on the next Step
TOWARDS PROSPERITY – NOW 3 WAYS
So, now there are 3 strings to my ongoing wealth increase strategies :-
1 Real Estate Investing
2 Share Renting & Options Trading
3 Internet Marketing
Hold on………………..it’s an exciting ride.
Baldwin Concert Grand Piano Click Here
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